Nifty and Bank Nifty both surged over 1.5% today.
Above the earlier discussed resistance level 17670, Nifty moved non-stop and ended over 17800.
Now to rally further, Index needs to break and sustain above the 17850-860 zone. On the downside, 17730 and 17640 are the short-term Gann support levels.
By holding the earlier discussed support level 36800, Bank Nifty has shown strong recovery.
Now Bank Nifty bulls need to hold the 37500-37300 zone to continue this positive momentum. On the upside, 38100 and 38350 are the resistance levels.
Nifty Intraday Levels
Nifty bulls need to break & sustain above 17855 to move towards 17900/17950/18010 levels.
On the lower side, the Gann support level is 17775; below that Index can move towards 17730/17680/17620.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37950 to move towards 38100/38300/38550.
On the lower side, the Gann support level is 37650; below that Bank Nifty Index can move towards 37500/37300/37050 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.